Every trading day, be ready to attack the market instead of reacting to the
market.

You will know where the key technical resistance and support levels are and what
the market is likely to do next. iStock will arm you with a target list of stocks
to buy and sell - right now - based on our exclusive, proprietary trading models.
You will also receive monthly ETF model portfolio and trend trader model portfolio

Two Week FREE Trial

Blackhawk Network Files For IPO Of Up To $200M

(By Balachander) Blackhawk Network Holdings, the gift card and payment services unit of supermarket chain Safeway Inc. (NYSE: SWY), has filed to raise up to $200 million in an initial public offering (IPO) of Class A common stock.

The filing with the U.S. federal regulators did not disclose how many shares the company plans to offer or the pricing terms.

For the year 2012, the company posted adjusted earnings of $50 million on revenue of $959 million. It processed a total load value of $8.5 billion and over 216 million load transactions during the last year.

Safeway currently owns roughly 96 percent of Blackhawk and will continue to hold shares of Class B common stock in the unit after the offering, according to the regulatory filing.

Blackhawk, founded in 2001, plans to trade on the NASDAQ under the symbol "HAWK."

Goldman Sachs, Bank of America/Merrill Lynch, Citigroup and Deutsche Bank Securities are serving as co-lead underwriters on the offering.

Fundamental data is provided by Zacks
Investment Research, and Commentary, news and Press Releases provided by
YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not
intended for trading purposes or advice. iStockAnalyst.com is not an investment
adviser and does not provide, endorse or review any information or data contained
herein.
The blog articles are opinions by respective blogger. By using this site you are
agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither
iStockAnalyst nor any of its independent providers is liable for any informational
errors, incompleteness, or delays, or for any actions taken in reliance on information
contained herein. You are solely responsible for the investment decisions made by
you and the consequences resulting therefrom. By accessing the iStockAnalyst.com
site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based
on EOD data.